The Disney Vacation Club has officially announced what rumours have speculated for months. The newest addition to the DVC at the Walt Disney World Resort will be part of the Grand Floridian Resort & Spa. The new villas will include 147 villas to open late in 2013 near Disney's Wedding Pavilion. This will be the second Disney Vacation Club property to be located along the Magic Kingdom Monorail loop joining the recently added Bay Lake Tower Villas at Disney's Contemporary Resort.

Here is the official announcement from the Disney Vacation Club:

Villas in the works for Disney's Grand Floridian Resort & Spa

Disney Vacation Club is developing an estimated 147 villas as part of the previously announced expansion of Disney's Grand Floridian Resort & Spa.

Estimated to open in late 2013 near Disney's Wedding Pavilion, the resort's slated to become the 12th Disney Vacation Club property.

"We continually look for ways to expand Disney Vacation Club by creating resort experiences that our Members will love," said Claire Bilby, Senior Vice President and General Manager of Disney Vacation Club. "With the continued popularity of Bay Lake Tower at Disney's Contemporary Resort, we are thrilled to offer our Members and Guests a new resort option along the monorail beam with easy access to the Magic Kingdom Park, as well as a variety of shopping, dining and recreation experiences."